24 November 1989 Income Tax Severed Letter ACC8429 - Revision of IT-304 - CCA on Condominiums

By services, 22 July, 2022
Official title
Revision of IT-304 - CCA on Condominiums
Language
English
Document number
Citation name
ACC8429
Severed letter type
Miscellaneous
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
658167
Extra import data
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"field_proprietary_citation": [],
"field_release_date_new": "1989-11-24 07:00:00",
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Main text
Publications Division           Business and General
                                  Division
                                R.B. Day
                                95702136

R.C. Shultis Director

Revision of IT-304 Capital Cost Allowance - Condominiums

We are writing in reply to your memorandum of October 25, 1989, wherein you requested our comments regarding the interpretive aspects of this project.

Our Comments

We have reviewed Version 7 of this draft revision and have no comments to add regarding the interpretive aspects thereof. However, we offer the following minor comments regarding paragraphs 5 and 10.

Paragraph 5

We suggest that if the second sentence were punctuated to add either commas or parentheses around the words "which" and "condominium" it would be read more clearly. The sentence would then read as follows:

"For example, a single unit within the building (which would be a class 6 building if it were not a condominium) is itself considered to be a class 6 building."

Paragraph 10

In line 5 the comma after the word corporation should be a period and the word "allowing" should be capitalized in order to be consistent with the previous bulletin.

B.W. Dath Director Business and General Division Specialty Rulings Directorate Legislative and Intergovernmental Affairs Branch